Freshfields Bruckhaus Deringer and Maples and Calder have advised special purpose acquisition company (SPAC) Aquila Acquisition Corporation on its HK$10 billion ($ 1.27 billion) de-SPAC merger with ZG Group, marking Hong Kong’s first-ever de-SPAC transaction. Kirkland & Ellis, Shihui Partners and Maples and Calder have acted for ZG Group.

Freshfields Bruckhaus Deringer is advising Aquila Acquisition Corporation, a special purpose acquisition company (SPAC) jointly established by CMB International and AAC Mgmt Holding, on its planned IPO in Hong Kong, with Linklaters advising the joint sponsors.